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  • Four EU countries block Russia's disconnection from SWIFT

    02/24/2022 7:03:34 PM PST · by elpadre · 49 replies
    112.international ^ | February 24, 2022
    Germany, Italy, Hungary, and Cyprus are blocking Russia's disconnection from the international interbank system SWIFT as CNN reported. “Removing Russia from SWIFT would make it almost impossible for financial institutions to send money in or out of the country. This would seriously impact Russian businesses with foreign customers and could do real damage to the country's economy,” the message says. At the same time, high-ranking EU sources report that there is a split in the union amid the adoption of the issue. It is noted that such countries as Germany, Italy, Hungary, and Cyprus are against disconnecting Russia from the...